European auto giant VW has a $26,400 hatchback that it says will be on the road by 2026, and GM is rolling out a $30,000 electric Equinox this year, joining its $27,000 Bolt hatchback. Meanwhile, the cheapest Tesla is $43,000.
Volkswagen's ID. 2ALL, due in 2026, will have a base price of around $26,000 and travel up to 270 miles per charge.Elon Musk has teased the idea that Tesla would sell a widely affordable battery-powered model since 2006. He finally came close to announcing one this month, but still hasn’t shared details. Competitors, including Volkswagen and General Motors, aren’t waiting to see what the mercurial billionaire decides to do and are already laying down plans for EVs priced at $30,000 or less.
Tesla has done more to popularize electric cars than any other global brand, delivering over 1.3 million worldwide in 2022, but with an average selling price of more than $65,000, it’s a price competitor to luxury brands like BMW and Mercedes, not mainstream brands like Honda or Ford. The Biden Administration wants EVs to top
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